China and Germany Should Jointly Promote Multilateralism, Free Trade, and Open Development: Wang Yi

Strategic Insights -

Chinese Foreign Minister Wang Yi said that China and Germany should work together to promote multilateralism, free trade, and open development, and foster a more just and equitable international order during a joint press conference with German Foreign Minister Johann Wadephul in Berlin on Thursday. Wang emphasized that the two countries should strengthen exchanges, deepen cooperation, and jointly do three things: consolidate the foundation of bilateral relations, upgrade the quality of bilateral cooperation, and practice multilateralism.

Key Takeaways:

  • China and Germany agreed to advance their comprehensive strategic partnership along the right path of mutual respect, seek common ground while reserving differences, and achieve win-win cooperation.
  • The two sides agreed to strengthen exchanges, deepen cooperation, and jointly do three things: consolidate the foundation of bilateral relations, upgrade the quality of bilateral cooperation, and practice multilateralism.
  • China's accelerated modernization will provide new development opportunities for German and European enterprises, particularly in cutting-edge fields such as green transition, artificial intelligence, and quantum technology.
  • China and Germany had in-depth discussions on their respective economic and trade concerns, and agreed to build a more stable, predictable, and trustworthy policy framework for practical cooperation.
  • China and Germany should jointly uphold the correct view of history, remain true to the original aspiration of establishing diplomatic ties, strengthen strategic communication, seek common ground while preserving differences, and deepen practical cooperation.

Statistics:

  • Bilateral trade between China and Germany has exceeded 200 billion U.S. dollars for nine consecutive years.
  • China's trade with Germany supports 1 million jobs in Germany.
  • China has attracted more than 5,000 German enterprises to invest and operate in China.

Sources:

  • Wang Yi, "China and Germany should jointly promote multilateralism, free trade, and open development", People's Daily, Sci-Tech, June 2024.
  • Wang Yi, , 2024, Wang Yi, "China and Germany should strengthen exchanges, deepen cooperation and jointly do the following three things", People's Daily, Sci-Tech, June 2024.
  • Contify, China and Germany Agree to Strengthen Relations, Upgrade Cooperation, Contify, 2024.
  • Wang Yi, "China-Germany Strategic Dialogue on Diplomacy and Security Held", People's Daily, Sci-Tech, May 2024.